Shineco Inc (TYHT) Hits New High: Jumps Another 25% Today

Shineco Inc (NASDAQ:TYHT) stock has been gaining a lot of attention over the past couple of weeks. THYT stock has more than tripled since mid-April and made a new high of $18.40 this morning.

THYT stock is up 25% now at $14.94 after the company said it has signed a proposal with Mayah Biological Holdings Limited for Purchase of Equity Interest of Mayah Biological, with respect to the potential purchase of at least 51% equity interests in Mayah Biological by the Company.

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What is more interesting is that in the past 10 trading sessions, THYT stock closed in the green for 8 trading sessions. Moreover, today’s big follow-up rally has been driven by a heavy volume of 2.62 million shares in the first hour of trading, compared to its average volume of 407K.

Keep an eye on TYHT stock this week.

 

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life